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20130113
20130121
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a statement on the debt ceiling. >> because the debt ceiling is the fight coming up next, as you know, brian, and everything the president would like to do at the start of that second term including new gun laws, immigration reform, energy. all those things will really be locked into place unless he can get some agreement on the debt, the president said he won't negotiate with congress about the debt ceiling, but we could be headed to another standoff, another kind of fiscal cliff similar to what we saw last summer unless that can be resolved. the president wants to get ahead of that, really put the responsibility on republicans in congress and make it clear he just doesn't want to budge. >> keep in mind the president will walk behind you any moment. there is a very thin line between leverage coming off an election and lame duck status, and the president has a robust agenda for this term number 2. >> it is, and the first year of second terms are the ones you have a shot as sitting president to have the most productive parts. but i want to go back and emphasize something david said, and that
a consensus on this in the political process that the debt ceiling has no rational place in this. the president addressed that yesterday, but the fact is playing russian roulette with the u.s. economy and the wellbeing of our population has no place in an honest debate about how much spending should be cut, how much investment should be made to address these broader economic and social deficit ands how to resolve this and get on to other parts of the national agenda. sooner or later, i think, the congress and the president will agree. you saw approaches to this in senator mcconnell's comments in the last couple of weeks and, obviously, in the president's that the key control is in the authorization and appropriation process, and the ability to pay those bills through either revenue sources or borrowing ought to be attached to the decision to spend, not used as a point of leverage in many broader and more or important negotiations. >> thank you, lew. can i just follow up, and i don't know if this is a little bit of a tan gent, but i think i just want to ask you because of your pos
deadline coming up as the so-called debt ceiling. something most americans have not even heard of before two years ago. i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that are ready been racked up. we need to pay them. i am willing to compromise and find a common ground on how to reduce our deficit america cannot avoid another debate with this progress about whether or not they should pay the bills that they have already racked up. if congressional republicans refused to pay america's bills on time, so security checks and veterans' benefits will be delayed. we may not be able to pay our troops or on our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down those of nuclear materials would not get their paychecks. the rest of the world would ask if the united states of america is in fact a stay at bat. market to go haywire and
. as the president subsequently yesterday, the debt ceiling essentially must not be used as a weapon. it essentially takes on an is the basic full faith and credit of the united states of america. the president has made so clear what would be at stake if that were to happen. i just believe that it is so critical that that not occurred. you know, i have been through these battles for many decades. i don't remember anyone essentially saying we should go over the cliff. the consequences would be, i think, shamanic and potentially cataclysmic. for the republicans that say let's do it, i think i would be a mistake with foreseeable consequences. the federal reserve has said the responsible physician is we should not forget. >> the president says he's not going to talk about the debt ceiling, speaker boehner said it can be done unless we cut spending at the same time. what are the odds of avoiding going over the fiscal cliff given where both parties are. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will b
Search Results 0 to 3 of about 4